PCE grew at a pace of 0.1% month over month for the month of April. This matched expectations. However, year over year PCE was just 2.1% which was below expectations of 2.2%.
Another benign inflation print will do little to ease concerns that tariffs will lift inflation and limit the Fed's ability to respond to any economic weakness.
Billion-dollar startups were once rare, but they’ve become increasingly common as venture capital funding has surged and tech innovation accelerates across industries.
Gold and its miners’ stocks are entering their weakest season of the year, early summers. Vacations and summer fun divert traders’ attention, leaving waning interest in markets.
The S&P 500 continues to be a trusted benchmark for the broad U.S. market, measuring the performance of U.S. large-cap companies across various sectors.
